Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A retail company has tracked unit sales of two products for the last 70 weeks. At a significance level of 5%, can the company conclude
A retail company has tracked unit sales of two products for the last 70 weeks. At a significance level of 5%, can the company conclude that sales of Product 1 exceeded 440 units?
Week | Sales Product1 (units) | Sales Product2 (units) |
1 | 455 | 832 |
2 | 490 | 798 |
3 | 425 | 890 |
4 | 466 | 855 |
5 | 456 | 848 |
6 | 454 | 871 |
7 | 476 | 838 |
8 | 465 | 826 |
9 | 481 | 853 |
10 | 463 | 870 |
11 | 483 | 849 |
12 | 440 | 888 |
13 | 445 | 859 |
14 | 452 | 894 |
15 | 447 | 873 |
16 | 440 | 888 |
17 | 459 | 863 |
18 | 460 | 885 |
19 | 424 | 912 |
20 | 447 | 913 |
21 | 397 | 878 |
22 | 386 | 916 |
23 | 366 | 888 |
24 | 357 | 931 |
25 | 367 | 888 |
26 | 372 | 883 |
27 | 336 | 871 |
28 | 327 | 873 |
29 | 328 | 891 |
30 | 354 | 826 |
31 | 352 | 830 |
32 | 394 | 822 |
33 | 378 | 820 |
34 | 410 | 850 |
35 | 441 | 854 |
36 | 422 | 835 |
37 | 436 | 835 |
38 | 424 | 883 |
39 | 461 | 826 |
40 | 474 | 842 |
41 | 484 | 856 |
42 | 498 | 842 |
43 | 526 | 808 |
44 | 517 | 875 |
45 | 504 | 901 |
46 | 503 | 915 |
47 | 483 | 858 |
48 | 497 | 899 |
49 | 475 | 921 |
50 | 493 | 849 |
51 | 506 | 869 |
52 | 513 | 902 |
53 | 506 | 908 |
54 | 486 | 872 |
55 | 498 | 930 |
56 | 487 | 844 |
57 | 453 | 899 |
58 | 503 | 880 |
59 | 491 | 908 |
60 | 455 | 898 |
61 | 501 | 893 |
62 | 501 | 863 |
63 | 450 | 907 |
64 | 455 | 877 |
65 | 495 | 847 |
66 | 452 | 901 |
67 | 493 | 858 |
68 | 494 | 860 |
69 | 477 | 823 |
70 | 510 | 795 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started